You first need to purchase litecoin or Ethereum. (Dogecoin or Dash will do too)
I’m not sure where you’re at, but I’ve alays used Coinbase to do so. But you need to first register for that, which may take a while. And then you got to send fiat to the wallet, which takes a while too.
But there are places you can buy these coins directly with fiat. Here in Belgium we have a site like litebit.eu.
Maybe @mudcat36 knows?
Whatever you do, don’t buy Bitcoin first. Transaction fees are too high.
Once you get ethereum or Litecoin you can use Blocktrades.us to exchange it for Steem.
Sorry @beeyou - I couldn’t really give more info than you already did
Hi, as you are in Europe as well you might want to check out Kraken.com. Swapped to them due to Coinbase’s high fees. For our US friends, I’m afraid Kraken is not an option, at least not officially... 😉
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I’ll check it out. I think I created an account there once, but abandonned it because the verification process took so much time... I need to check on that again...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Yes, the process can be a bit tedious.
At the moment Kraken is my main way to go fiat <-> crypto. Bank transfers in euro within Europe and rates are good.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Having trouble getting registered at Kraken... my account has been under review for weeks now :0(
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Do they specify normal handling times? It was a number of months since I signed up and it took a few days.
Make sure you have submitted everything 100% accurately. If they have to get back to you for clarification it will definitely delay.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
I'll need to check on my account. Will be first thing on the list when I can get to my laptop tomorrow morning...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That's perfect @simplymike. I do the same with coinbase. Fumbled my way into cryptocurrency, but hey, have to start somewhere. I'm not a finance person so I hate it. But also hate being in the dark about this new crytocurrency world too.
Appreciate you helping with this!
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
The thing with Coinbase is that it takes so long... if there is a sudden dip, you admoney from your bank account, and then
It takes three days for it to arrive there. The dip might be over then - lol
That’s why I like services like litebit.eu, it goes a lot faster.
I don’t know why I decided to use Coinbase again this time...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oh yes, I know all the horrors with coinbase, Many of times I wanted to trade but the account was still pending waiting for that 3 day bank transfer. I have never tried litebit.eu...but I think my crypto trading period is on hold for the moment. Better to just HODL during these dark times.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
i didn’t put in any fiat for months. Just exchanged my profits to buy other coins. But now the market is down, I would be losing money if I exchanged them (And I’d like to keep the BTC, ETH and DASH, which are still very profitable because I got in just before the prices started to go up)
But, I still wanted to get myself some more Steem, so now I’m waiting for the money to arrive in my Coinbase account. It is taking soooo long...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Oh lucky you! I didn’t learn about the crypto world until everything was at its peak. Late to the game. Told myself I wouldn’t be that way on Steemit and it was worth a try to learn my way around here. I’m not a fan of social media sites but glad I didn’t stick my head in the sand like I normally do with all this crypto stuff. Or else I would never have met you guys and everyone here is what drives my Steemit experience to be a wonderful one.
Coinbase is sloowww. I used credit card initially and paid the extra fee for immediate access then they wanted all this verification crap. So did bank route too but seriously, why does it take days to transfer funds? Age of instant access here people, don’t they know?!
Funny thing is... coinbase is based in SF, California but my credit card says it’s an international charge. Hmm...but I haven’t had problems with them yet aside from slowness.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
me neither. But the fact that it is so slow is really annoying.
Guess it's my own fault. Should have thought it through before I did it.
I hope I remember next time :0)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
You will probably do it again. Hehe, at least I do when I should know better after several times.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Hahahaha, I just found out...
I’ve been impatiently waiting for my money to arrive in my Coinbase account. It still wasn’t there when I just checked, so I decided to check my bank account. Apparently I simply forgot to send the money to Coinbase - lmao
If I hadn’t checked, I would still be waiting for days...
sometimes, I can be so stupid ...
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit